Licensed stablecoin payments platform, Yellow Card has signed a partnership deal with Visa (NYSE: V), a global leader in digital payments, to help drive the next phase of innovation in cross-border payments and financial infrastructure across emerging markets where Yellow Card is licensed to operate.
Through this partnership, Visa and Yellow Card will collaborate to explore stablecoin use cases and opportunities to help streamline treasury operations, enhance liquidity management, and enable faster, more cost-effective money movement across borders.
“Traditional payment companies continue to question not ‘if’ they need a stablecoin strategy, but how quickly they can deploy one,” said Chris Maurice, Co-Founder and CEO of Yellow Card.
“We are thrilled to partner with Visa to help realize the potential of stablecoins technology in emerging economies.”
Godfrey Sullivan, Senior Vice President and Head of Product and Solution for CEMEA, Visa, said, “We’re excited to team up with Yellow Card to enable faster and more accessible digital payments.
We believe that every institution that moves money will need a stablecoin strategy.
As more players in the payments ecosystem explore this powerful new technology, Visa stands ready to help our partners navigate the transformation, bringing the scale, trust and innovation needed to help build the next generation of global payments.”
Yellow Card operates in 20+ African countries and provides access to secure, compliant, and accessible stablecoin products for consumers, businesses, and developers.
This partnership further cements Yellow Card’s role as a critical financial gateway and infrastructure provider in emerging markets.
Steven Umidha is a data and financial journalist with over 14 years of work experience in journalism and communication.
He specialises in finance and economics reporting as well as on the causes, impacts, and solutions of global warming, conservation, pollution and sustainability, often blending scientific literacy with journalist ethics, while involving policy analysis and multimedia storytelling across various platforms in highlighting issues from biodiversity loss to ecological justice.
Besides being the Founder of Financial Fortune Media, Umidha has previously worked with the Standard Media Group, Mediamax Networks LTD, bird story agency, Business Journal Africa, and Financial Post among other outlets.
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